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PRESS RELEASE

Draganfly Announces Board Update

Advisory Board Welcomes Former White House Chief of Staff Andy Card and Kim Moody as Audit Chair

Saskatoon, SK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce updates to its Board of Directors and Advisory Board. Olen Aasen is stepping down from the Draganfly Board, and Kim Moody has been appointed as the new Audit Chair. Additionally, Draganfly is welcoming back Andy Card, former White House Chief of Staff, to the Advisory Board.

Andy Card, who previously served on Draganfly’s Board of Directors, is rejoining the Company as a member of its Advisory Board, brings decades of leadership experience. He served as White House Chief of Staff under President George W. Bush from 2000 to 2006, managing the Executive Office of the President and shaping U.S. policy during critical moments, including the September 11th attacks. Andy’s career also includes roles as U.S. Secretary of Transportation and Vice President of Government Relations for General Motors.

“We are thrilled to welcome Andy back to the Draganfly team in this advisory capacity,” commented Cameron Chell, Draganfly CEO. “His leadership experience and trusted counsel have been critical to the Company’s growth, and we look forward to his continued insights as we drive innovation and expand our presence in the UAV industry.”

Kim Moody has been appointed as the new Audit Chair, replacing Olen Aasen, who is stepping down to pursue new opportunities after servings as a director for over five years. Kim is the Founder of Moodys Private Client LLP, bringing extensive expertise in tax advisory, accounting, and financial governance. “On behalf of the Board and management, I would like to thank Olen for his exceptional service and contributions to Draganfly. We look forward to his continued advice when possible,” added Chell.

New Committee Appointments

  • Julie Myers Wood, Chief Executive Officer at Guidepost Solutions, has been appointed as the head of the Compensation Committee. With over 25 years of experience in regulatory and enforcement issues, Julie brings a wealth of knowledge from her time as Assistant Secretary of Homeland Security for Immigration and Customs Enforcement (ICE) under President George W. Bush and her work in both public and private sectors.
  • Tim Dunnigan, CEO & President of MMS Products, Inc., and a retired U.S. Army Infantry Officer, will join the Audit Committee. Tim is a seasoned defense technology entrepreneur with a proven track record of developing leadership solutions for warfighters. He also holds multiple patents and has extensive experience supporting the Department of Defense.
  • Thomas B. Modly, former Acting Secretary of the Navy and Under Secretary of the Navy, will serve on the Audit and Nominating Committee. Throughout his career, Tom has focused on improving the agility and accountability of the Department of Defense. His vast experience in leadership, education, and defense operations and audit will be invaluable to Draganfly as it continues to grow in defense-related markets.

Cameron Chell further commented, “With the addition of such seasoned leaders as Andy Card, Kim Moody, Tim Dunnigan, and Thomas B. Modly, our board brings an important level of defense and government expertise. This positions Draganfly to leverage our advanced drone technology in defense applications and address emerging challenges in national security. Their knowledge will guide us as we continue to innovate and expand our presence in these critical sectors.”

About Draganfly

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations do business and serve their stakeholders. Recognized as being at the forefront of technology for over 24 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

For more information on Draganfly, please visit us at www.draganfly.com. For additional investor information, visit:

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Media Contact
Email: media@draganfly.com

Company Contact
Email: info@draganfly.com

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Andy Card

ADVISOR

Mr. Andy Card, the second longest-tenured White House Chief of Staff, has served in senior government roles under three U.S. Presidents. Mr. Card serves on the Board of Directors of public corporation Union Pacific, on the Business Advisory Board of BrainStorm Cell Therapeutics, on the Advisory Board of the U.S. Chamber of Commerce, and on a number of non-profit boards. He is also a professional speaker represented by the Washington Speakers Bureau and joined NBC News as a contributor in April 2017. 

Mr. Card, appointed in November 2000, served as Chief of Staff to President George W. Bush from January 2001 to April 2006. Prior to his tenure as White House Chief of Staff, Mr. Card managed and ran the Republican National Convention in Philadelphia at the request of nominee Texas Governor George W. Bush. Before that, Mr. Card was Vice President-Government Relations for General Motors Corporation, one of the world’s largest automobile manufacturers. From 1993 to 1998, Mr. Card was President and Chief Executive Officer of the American Automobile Manufacturers Association, the trade association whose members were Chrysler Corporation, Ford Motor Company, and General Motors Corporation. When Chrysler became part of Daimler Corporation, Mr. Card oversaw the dissolution of the nearly 100-year-old trade association.

Mr. Card also served as Deputy Chief of Staff and then as a Cabinet Member for President George H.W. Bush as the 11th Secretary of Transportation. Prior to that, he served as Special Assistant (1983 to 1987) and later as Deputy Assistant to the President and Director of Intergovernmental Affairs for President Ronald Reagan (1988) where he was a liaison to governors, statewide elected officials, state legislators, mayors, and other elected officials. From March 1987 until March 1988, Mr. Card ran the successful New Hampshire Presidential Primary Campaign for George H. W. Bush.

Mr. Card is a graduate of the University of South Carolina with a B.S. in Engineering. He also attended the U.S. Merchant Marine Academy and the John F. Kennedy School of Government at Harvard University. Mr. Card served in the U.S. Navy from 1965 to 1967.

Tim Dunnigan

DIRECTOR

Tim Dunnigan, a retired U.S. Army Infantry Officer and accomplished technology entrepreneur, is the CEO & President of MMS Products, Inc., a defense technology solutions provider. He is also the Founder of CaptureTec, LLC, a defense consultancy group focused on supporting Warfighters through leadership and innovation. As COO and Co-founder of Talon Aerolytics, Tim led the development of the nation’s largest aerial drone services provider, expanding operations to all 50 states and facilitating digital data collection with AI analysis for national critical infrastructure.

As CEO and Founder of Strategic Integration, LLC, Tim developed and operated the CTED (Create, Test, Educate, Deploy) turnkey business model for defense consulting and technology integration. He has served America’s security interests abroad through multiple classified (TS/SCI) contracts with the U.S. Department of Defense. Additionally, as the Founder of iK9, LLC (CVE SDVOSB), Tim co-authored the Veterans Administration’s (VA) training protocols for service dogs provided to Military Veterans with Post Traumatic Stress Disorder (PTSD).

Mr. Dunnigan is a Corporate Advisor with Integrated Defense Accelerator, Founder of the I’m a Hero Too Foundation [501(c)(3)], and a children’s book author. He holds an active Top Secret security clearance and is currently a Doctoral Student researching leadership efficacy in decision-making with regard to drone usage, where AI and machine autonomy are considered. Tim has been awarded six patents and has two patents pending for an aerial drone delivery system he developed to address capability gaps he witnessed during his multiple humanitarian trips to Ukraine.

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The Future of Drone Delivery

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Demand for drone hardware and services has never been greater. From emergency medical deliveries to agricultural management; community, government, and corporate drone usage is expected to see enormous growth up to and beyond 2028.

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